[[Actuarial Notes Wiki|Wiki]] / [[Exam 5 (CAS)]] / **In-Force Period**
## Definition
==In-Force Period== represents policies that are actively in effect at a specific point in time, providing insurance coverage.
## Uses
- Snapshot of current exposures
- Market share analysis
- Capacity planning
- Premium volume tracking
## Calculation
```
In-Force Exposures = Active policies at valuation date
Not including:
- Expired policies
- Cancelled policies
- Policies not yet effective
```
## Related Concepts
- [[Exposure Base#Definition]]
- [[Earned Premium#Definition]]
- [[Written Premium#Definition]]
## References
- Werner & Modlin, Chapter 3